Staff Reporter :
The number of bank accounts holding deposits of Tk 1 crore and above increased by 4,954 in the last three months of 2024, reflecting a renewed confidence in Bangladesh’s banking sector, according to the latest data from Bangladesh Bank.
The report reveals that as of December 2024, the total number of high-value bank accounts reached 1,22,081, up from 1,17,127 recorded at the end of September.
Banking sector experts suggest that this surge indicates a shift of money back into the formal financial system, with many individuals and institutions opting to deposit their funds rather than holding cash outside banks.
The increase in high-value accounts coincides with a broader expansion in overall banking activity.
The total number of bank accounts across the sector rose to 16.32 crore in December 2024, marking an addition of 12,19,277 new accounts over three months.
Deposits in these accounts reached Tk 18,83,711 crore, reflecting a significant increase of Tk 45,628 crore from the previous quarter.
Financial analysts attribute this rise in deposits to growing economic stability, improved banking policies, and enhanced depositor confidence.
The Bangladesh Bank’s policy measures aimed at strengthening liquidity and reducing risks have contributed to restoring trust in the banking system.
Experts also believe that businesses and wealthy individuals, previously hesitant due to financial uncertainties, are now reinvesting in the formal banking sector, leading to the observed increase in high-value accounts.
The rising number of wealthy depositors is expected to have long-term economic benefits, as higher bank reserves could improve lending capacity, support investment opportunities, and strengthen overall financial stability.
With continued confidence in the banking system, the upward trend in deposits is likely to persist in the coming months, further reinforcing the country’s economic growth trajectory.
